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Douglas (not verified) says:
It is unfortunate that private accounts in Social Security are unpopular as they would certainly provide me a significantly higher rate of return and retirement income. My current payments are projected to provide me with approximately a 2% annual rate of return over my life expectancy. A conservative bond fund has returned approximately 7% annually over the last 50 years. For the life of me I can not understand the opposition to this simple idea.
It is unfortunate that private accounts in Social Security are unpopular as they would certainly provide me a significantly higher rate of return and retirement income. My current payments are projected to provide me with approximately a 2% annual rate of return over my life expectancy. A conservative bond fund has returned approximately 7% annually over the last 50 years. For the life of me I can not understand the opposition to this simple idea.